Elbit to Upgrade Tanks for a Customer in the Asia-Pacific Region

The contract is valued at approximately $290 Million

Elbit Systems Ltd. (NASDAQ and TASE: "ESLT") (“Elbit Systems”) announced today, that it was awarded a contract by a customer in the Asia-Pacific region to perform a tank upgrade program. The contract, valued at approximately $290 million, will be performed over a three-year period.

The upgrade program will provide the tanks with night operation capabilities by the supply of a variety of advanced systems, such as gunner sights and fire control systems.

Elbit Systems President and CEO, Bezhalel (Butzi) Machlis, said: “We are very pleased to be awarded this significant contract, demonstrating our unique capabilities and experience in upgrading main battle tanks. Asia-Pacific is one of Elbit Systems’ key markets and we are very glad to announce yet another success in this region”.